Permalink Submitted by Alan Spross on Mon, 2010-11-01 21:00
Yes, this can be done directly without first rolling the funds to a traditional IRA. The rest of the rules are basically the same as for converting from a TIRA to a Roth IRA. For 2010 conversions, the income can be reported in 2011 and 2012. If the conversion is later recharacterized, the funds will have to be sent to a traditional IRA, they cannot go back to the 403b.
Permalink Submitted by Alan Spross on Mon, 2010-11-01 21:00
Yes, this can be done directly without first rolling the funds to a traditional IRA. The rest of the rules are basically the same as for converting from a TIRA to a Roth IRA. For 2010 conversions, the income can be reported in 2011 and 2012. If the conversion is later recharacterized, the funds will have to be sent to a traditional IRA, they cannot go back to the 403b.